10,636 Shares in Putnam Focused Large Cap Value ETF $PVAL Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,636 shares of the company’s stock, valued at approximately $485,000.

Other hedge funds also recently added to or reduced their stakes in the company. Prostatis Group LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $3,727,000. Aspire Capital Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $596,000. Cullen Frost Bankers Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after purchasing an additional 3,360,792 shares in the last quarter. Glenmede Investment Management LP boosted its stake in shares of Putnam Focused Large Cap Value ETF by 15.8% in the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after purchasing an additional 789,767 shares during the period. Finally, Trademark Financial Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 429.2% in the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after purchasing an additional 116,730 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.1%

PVAL opened at $48.64 on Friday. Putnam Focused Large Cap Value ETF has a twelve month low of $34.43 and a twelve month high of $49.13. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The company has a fifty day simple moving average of $47.43 and a 200 day simple moving average of $45.68.

About Putnam Focused Large Cap Value ETF

The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.